§ 53398.88. — 53398.88. (Amended by Stats. 2019, Ch. 656, Sec. 13.)

California § 53398.88.

• Jurisdiction: California
• Code GOV: Government Code - GOV
• Div.: 2.
• Title 5.: DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES
• Part 1.: PART 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES
• Ch. 2.99.: CHAPTER 2.99. Enhanced Infrastructure Financing District
• Art. 4.: ARTICLE 4. Tax Increment Bonds

Text

(a)
Every two years after the issuance of debt pursuant to Section 53398.77, the district shall contract for an independent financial and performance audit. The audit shall be conducted according to guidelines established by the Controller. A copy of the completed audit shall be provided to the Controller, the Director of Finance, and to the Joint Legislative Budget Committee.
(b)
Upon the request of the Governor or of the Legislature, the Bureau of State Audits shall be authorized to conduct financial and performance audits of districts. The results of the
audits shall be provided to the district, the Controller, the Director of Finance, and the Joint Legislative Budget Committee.

Legislative History

Amended by Stats. 2019, Ch. 656, Sec. 13. (AB 116) Effective January 1, 2020.